Hewlett Packard Enterprise Co (HPE)
Current ratio
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 20,244,000 | 18,948,000 | 17,655,000 | 17,560,000 | 18,234,000 | 20,506,000 | 19,521,000 | 18,172,000 | 19,342,000 | 18,878,000 | 18,745,000 | 16,703,000 | 16,072,000 | 16,556,000 | 21,383,000 | 17,983,000 | 14,751,000 | 15,143,000 | 15,117,000 | 15,000,000 |
| Total current liabilities | US$ in thousands | 22,635,000 | 21,882,000 | 20,170,000 | 20,251,000 | 21,476,000 | 23,174,000 | 21,299,000 | 20,190,000 | 20,473,000 | 20,687,000 | 19,641,000 | 17,980,000 | 17,931,000 | 18,738,000 | 21,610,000 | 20,197,000 | 18,754,000 | 19,159,000 | 17,158,000 | 16,077,000 |
| Current ratio | 0.89 | 0.87 | 0.88 | 0.87 | 0.85 | 0.88 | 0.92 | 0.90 | 0.94 | 0.91 | 0.95 | 0.93 | 0.90 | 0.88 | 0.99 | 0.89 | 0.79 | 0.79 | 0.88 | 0.93 |
January 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $20,244,000K ÷ $22,635,000K
= 0.89
The current ratio of Hewlett Packard Enterprise Co has been fluctuating over the past eight quarters. The ratio has ranged from a low of 0.85 in Q1 2023 to a high of 0.92 in Q3 2022. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations, while a ratio above 1 suggests that the company has sufficient current assets to cover its current liabilities.
Based on the trend of the current ratio for Hewlett Packard Enterprise Co, it appears that the company has experienced some challenges in managing its short-term liquidity over the past few quarters. However, it is important to consider other financial metrics and factors alongside the current ratio to gain a complete understanding of the company's financial health. It would be beneficial to analyze the company's cash flow, debt levels, and profitability to provide a more comprehensive assessment of its financial position.
Peer comparison
Jan 31, 2024
See also:
Hewlett Packard Enterprise Co Current Ratio (Quarterly Data)